Tron has emerged as the platform of choice for terrorist organizations involved in crypto transfers, according to a recent report by Reuters. The counter-terror financing bureau in Israel has frozen 143 Tron wallets believed to be linked to groups like Hamas and Hezbollah. This marks a significant shift from Bitcoin, which was previously favored by these organizations. The report attributes this change to Tron’s faster transaction speeds, lower fees, and stability. Additionally, the increased usage of Tether, the largest stablecoin, on the Tron network has contributed to its popularity among terrorist networks. The report also highlights the growing pressure on Bitcoin’s perceived anonymity as a factor driving these organizations towards alternatives like Tron. Law enforcement agencies worldwide are now closely monitoring Tron, which was previously considered a blindspot. The recent freeze on accounts linked to Hamas militants by Binance co-founder Yi He further emphasizes the need for financial entities to cooperate with freeze requests for designated terrorist organizations.

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Information	Details
Geography	Middle East
Countries	🇮🇱 🇺🇸
Sentiment	negative
Relevance Score	1
People	Mriganka Pattnaik, Yi He, Shlomit Wagman
Companies	Binance, Merkle Science, Hezbollah, Hamas, Tron
Currencies	Bitcoin, TRON, Tether
Securities	None